Latin American producers aim to stem the tide
Is the fragile market cracking under pressure? Despite some ambitious growth-oriented investments, some of the continent's traditional big guns will be facing challenges in 2019
Despite rising crude prices in 2018, many Latin American countries are still grappling with considerable debt and declining production rates. However, recent discoveries and licensing rounds have attracted a strong uptick in foreign investment, which could be the region's key to economic resurgence. Due to high inflation and declining production, Argentina is putting forth an effort to counteract the deterioration of its E&P sector. Since its 2001 default, caused by a severe economic recession, Argentina has worked to escape its financial crisis. The country, home to abundant shale reserves, has gone from a chief net exporter to a net importer of gas in recent years. To keep its energy i
Also in this section
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
